Issuing “several thousand” licences to ride-hailing vehicles under a proposed regulatory framework will be insufficient to meet demand, a Hong Kong government transport advisory body has said, calling for a quota that will not compromise existing services. Speaking after meeting government officials on Monday, Professor Wong Sze-chun, chairman of the Transport Advisory Committee, said members did not suggest specific numbers for ride-hailing platforms, vehicles or driver licences. “[A level of]...
Hong Kong should not limit the number of vehicles licensed to provide ride-hailing services. In particular, every owner of an electric vehicle that complies with the regulations should, in principle, be able to obtain one on demand by paying the required fee. Normal market forces, together with fees and other licensing requirements, will be sufficient to strike the right balance. I have used ride-hailing services a lot recently. Knee replacement surgery has restricted my mobility, and I have a...
Uber Hong Kong has warned that a proposed cap of up to 15,000 ride-hailing permits could trigger a 70 per cent increase in fares and result in 40 per cent of peak-hour bookings being unsuccessful. In a paper submitted to the Legislative Council ahead of a transport panel special meeting on Tuesday, the ride-hailing giant revealed it currently had more than 30,000 active drivers in the city. The proposed quota of 10,000 to 15,000 permits would slash its workforce by as much as 50 per cent. The...
Hong Kong authorities should issue about 20,500 licences in the first phase of regulating ride-hailing platforms, lawmakers and experts have said, arguing that the city needs at least 15,000 active cars daily to meet existing demand and avoid worsening transport shortages. The proposal came as several lawmakers told the South China Morning Post, on condition of anonymity, that the government had recently consulted them on a regulatory framework for ride-hailing services but had not presented any...